Tractor Supply (NASDAQ:TSCO) Stock Rating Upgraded by Zacks Research

Tractor Supply (NASDAQ:TSCO) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

A number of other brokerages also recently commented on TSCO. DA Davidson dropped their target price on shares of Tractor Supply from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Gordon Haskett boosted their price target on Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. Argus set a $41.00 price target on Tractor Supply in a report on Tuesday, July 28th. UBS Group set a $33.00 price objective on Tractor Supply and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Finally, Barclays set a $35.00 target price on Tractor Supply and gave the company an “equal weight” rating in a research report on Monday, July 13th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.31.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $32.29 on Monday. Tractor Supply has a 52 week low of $28.36 and a 52 week high of $58.21. The stock has a market capitalization of $16.93 billion, a P/E ratio of 16.82, a PEG ratio of 3.39 and a beta of 0.52. The firm has a fifty day simple moving average of $33.61 and a two-hundred day simple moving average of $34.41. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the firm earned $0.81 EPS. The company’s revenue was up 2.3% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, analysts expect that Tractor Supply will post 1.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Harry Lawton, III purchased 15,600 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were acquired at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the purchase, the chief executive officer owned 15,600 shares of the company’s stock, valued at $501,540. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andre Hawaux bought 3,150 shares of Tractor Supply stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average price of $31.83 per share, with a total value of $100,264.50. Following the purchase, the director directly owned 3,150 shares in the company, valued at $100,264.50. The trade was a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 20,310 shares of company stock worth $652,411 over the last 90 days. 0.64% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tractor Supply

Several institutional investors have recently made changes to their positions in the company. Elevation Wealth Partners LLC grew its stake in Tractor Supply by 1,253.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 727 shares during the period. Reflection Asset Management acquired a new stake in shares of Tractor Supply in the fourth quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Tractor Supply in the second quarter valued at about $26,000. Community Financial Services Group LLC lifted its stake in shares of Tractor Supply by 3,240.0% in the second quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer’s stock worth $27,000 after buying an additional 810 shares in the last quarter. Finally, Bayban purchased a new position in shares of Tractor Supply in the fourth quarter worth about $28,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a retailer focused on the needs of farmers, ranchers, homeowners, gardeners, pet owners and other customers who lead rural and suburban lifestyles. The company operates under the Tractor Supply banner and serves communities across the United States through stores and digital channels.

Its merchandise includes agricultural and livestock supplies, animal feed, fencing, hardware, tools, workwear, outdoor power equipment, lawn and garden products, home improvement goods, automotive products and seasonal merchandise.